Why do most of the mainstream population currently stay away from cryptocurrencies? It’s complex to use. It’s troublesome to buy. It’s difficult to mine. It’s hard to understand. Cryptocurrencies are still in their infant stages and have yet to see widespread mainstream mass market adoption and usage as a unit of exchange both online and offline. There is a need to rethink the current approach to the design and marketing of cryptocurrencies in order to achieve a global mass appeal.

The Pandacoin (PND) Development Team is proud to reveal our first major update which highlights our intention of redefining the cryptocurrency landscape, by being the first cryptocurrency to design, develop and package specifically for the mainstream mass market. Pandacoin takes the first steps in building a solid foundation of how cryptocurrencies should be – easy to use, easy to buy, easy to mine and easy to understand.

Pandacoin will be the cryptocurrency to show to your family and friends that have yet to grasp the concept of decentralized digital currencies. Pandacoin will be the cryptocurrency to tell your work colleagues about, that had been asking if there are any methods to easily buy and mine cryptocurrencies. Pandacoin will be the cryptocurrency that almost anyone, from your teenage daughter, to your technophobe father, that could easily use, obtain and understand.

This is just the beginning for Pandacoin. We will continue to improve and add to the existing infrastructure which will make Pandacoin even easier to use, obtain and understand. This way Pandacoin can retain the position as market and thought leaders in the areas of simplicity and ease of usage, in order to reach the global mass market in the future.

Rethinking Cryptocurrency – Part 2For Pandacoin’s next major update, we’ll be putting the currency in cryptoCURRENCY. Pandacoin will be easy to spend and easy to accept as a form of payment.

Cryptocurrencies should not only be easy to use, easy to buy, easy to mine and easy to understand, but also easy to spend and accept as a form of payment in order to function truly as a form of decentralized digital currency instead of merely being a commodity. After all, Pandcoin is defined as a cryptoCURRENCY and not a cryptoCOMMODITY.

Our next major update to Pandacoin will involve developing coin technologies and infrastructure to encourage Pandacoin to be used as a unit of exchange, by making it easy for individuals (consumer to consumer), vendors and retailers of all sizes (business to consumer) to adopt, spend and accept Pandacoin as a form of payment in the future.

The Pandacoin (PND) Development Team had identified multiple fundamental problems that all cryptocurrencies suffer from, which is preventing individuals, vendors and retailers from easily accepting and sending cryptocurrencies as a form of payment. Again, similar to our first major update to Pandacoin, we will be designing, developing and marketing cryptocurrency infrastructures and technologies in a manner that has not been attempted before. An announcement regarding a release date for the second major update to Pandacoin will be made when we have a good estimate of when we can roll out the second major update to Pandacoin.

We plan to once again redefine how cryptocurrencies should be – easy and simple to use.

Near Future Developments to Look Forward toIn between the next major update to Pandacoin, certain smaller updates to Pandacoin that we can reveal that will be developed in the near future (or is currently undergoing development) include the following -

Pandacoin (PND) Community Crowdfunding platform

In order to speed up and increase the numbers of simultaneous developments for Pandacoin, the Pandacoin (PND) Development Team will be developing a Pandacoin (PND) Community Crowdfunding platform.

This crowdfunding platform will be in the form of a new dedicated section on our new homepage, to feature projects which can be funded by the community to further develop Pandacoin and its growing ecosystem. Projects utilizing the Pandacoin Community Chest funds will be showcased in this platform also. The platform will double up as a public project management tool used by the Pandacoin (PND)

Development Team to show the community the following –

- Development schematics and mock up designs- Development list of deliverables- Estimated development delivery time- Live progress updates on different stages of development

We have contacts with individuals that are interested in privately bulk buying PND for FIAT at a set price, so the community does not need to worry about the conversion of large amounts of Pandacoins to traditional money via exchanges to fund these developments. More details on this initiative will be released shortly, and the community can expect the platform to be developed in approximately 1 months time.

PandaWallet for Apple iOS

It was unfortunate that one of our test homepages had been exposed a few weeks ago, which prematurely revealed the Apple iOS PandaWallet. We wanted it to be a surprise for the community after the development is finished, but now we can officially confirm that it is currently undergoing development and the community could expect the release shortly.

PandaBank improvements

With the world’s first main storage of cryptocurrency designed with a familiar interface and functionalities that is reminiscent of conventional internet banking, we would like to further refine PandaBank so that it would be even easier and secure to use. Upgrades scheduled for the Pandacoin PandaBank include:

- 2FA on login and transfer to improve security to protect your Pandacoins- Ability to schedule one off or repeated transactions at a certain time and date- User experience optimization- Exciting secret features that would be released with the second major update to Pandacoin that we do not wish to announce yet

Crypto Crash Course Video Education series

We will be creating a series of short 2-3 minute animated videos on the major topics from our Crypto Crash Course, making it even easier to educate the beginners that are just getting into the exciting yet fast paced world of cryptocurrencies. These videos are designed to increase awareness to the exciting world of cryptocurrencies, so you can forward the videos to your friends and family if they ever enquire about anything cryptocurrency related.

Chinese and other languages support on all key Pandacoin infrastructure

To encourage Pandacoin adoption in China and other crucial market segments, we will be focusing on providing Chinese and other languages support on all key Pandacoin infrastructure. This will allow Pandacoin to truly obtain a global mainstream mass market appeal. Key infrastructures that will receive additional language support include:

- A lightweight version of PandaBank which does not involve downloading the entire Pandacoin

blockchain

FAQ

How long has the PoW phase been running so far?Pandacoin (PND) had begun their PoW phase since Feb 16, 2014 and has been mined for 95 days. Pandacoin (PND) is one of the rare PoS coins with such a long PoW phase, a duration of more than 3 months, to distribute the coins fairly out towards the community.

What will the maximum number of Pandacoins (PND) be?Not fixed nor limited when we switch over to PoS. We switched to PoS when 32,000,000,000 Pandacoins (PND) were mined, which marks the end of the approximately 3 months of PoW phase. You can see how many Pandacoins are currently in circulation here - http://bitinfocharts.com/pandacoin/

How can I start earning 2.5% annual interest?You will have to download our new PandaBank, have it unlocked and leaving your PandaBank open with an online connection to start staking interest!

Can I still mine Pandacoin (PND) directly with my mining rig?With Pandacoin (PND) as a pure PoS coin, you would not be able to mine it directly. Instead, you will mine other digital currencies and exchange them for Pandacoin (PND) through our ever growing MH/S multipool. This way, you will be able to still mine Pandacoin (PND) from the multipool, and help increase the value of Pandacoin (PND) at the same time.

How does the Pandacoin (PND) multipool work?The Pandacoin (PND) multipool automatically switches between coins to mine based on difficulty and price variations in order to be as profitable as possible for the miners. For payout, the multipool computes the proportional share of each miner over rounds that last four hours. Once a round is complete, and after the mined blocks become mature, the multipool exchanges all coins for Pandacoin (PND). Please note that due to the time required for block maturation, deposits and withdrawals on exchanges, payouts for a round are processed one hour after the end of the next one. The multipool also apply a fee of 1.25%, in addition to the exchange and transactions fees required by the operation

Proof of Stake is confusing me. Is there a Proof of Stake FAQ?Yes there is, to find more about how Proof of Stake works, please visit our Pandacoin (PND) Proof of Stake FAQ:

Brokencalculator: Business, executions and strategic consultant. Currently working for a large banking corporation, and his current position is to advise upper management on business direction

Chris_Sze: Chinese Marketer, Community Manager and Translator. He works in the China and develops the Chinese PND community on Weibo, QQ, and Bitcointalk. Currently is the general manager of a manufacturing firm in China.

Linux_Mint_Pal: Specialist in public education. Assists in marketing and in community outreach to the mainstream public. Currently tutoring Physics before moving on to a PhD program in Optics, and specializes in synthesizing complex information to a medium that is simple and easily understood by the mainstream.

We are actively looking to expand and grow our development team which currently comprise of 10 dedicated members

Please contact us if you are interested in joining the dedicated Pandacoin (PND) development team, either by private messaging one of the team members or speaking to amDOGE on our irc channel - #PandacoinPND at freenode.net

We have implemented a Pandacoin (PND) IRC Lotto Faucet system, where you can type the following commands on our irc channel every 24 hours for a chance to win up to 10 million every 24 hours Pandacoins (PND): !lotto !panda or !gimme

So join us on #PandacoinPND at freenode.net to try out the Lotto-Faucet commands !lotto !panda !gimme, have a chance of winning up to 10 million Pandacoins (PND) and chat with the other Pandas from this awesome community!

PND4PND, the first Pandacoin (PND) charity initiative, had been created by a dedicated and awesome community member! Let's show our support and feel good by donating PNDs to a choice out of 4 different charity organisations!

It is a unique concept in that all donations made now will be held and only released to the chosen charity organisations until June 1st, 2015.

The charity wallet will be on a transparent and public address, managed by the Pandacoin (PND) development team. Read more about it and the chosen charity organisations here: http://pnd4pnd.com

Excited to see the devs working on relaunching this coin. Keep up the good work and continue on the rebranding by further integrating the logo into the homepage, twitter, mining pool pages and other social media accounts like facebook.

I come from a PR background and would like to volunteer my services and expertise to help make this coin succeed. I see areas where it could be improved. PM for details if you like to take up my offer.

This coin has incredible potential and could very well succeed and be the 'Asian Dogecoin' if executed properly. Let's combine our efforts and see this coin succeed!

Very nice! More good news, I upgraded my wallet right away and it was smooth and easy and now lookin real good. Thanks for staying on this through the bumps, sure have to like the way this coin and community persevere and continually progress towards the full success of this very special coin. I really like the way Pandacoin PND is shaping up, and we can be proud that our coin is increasing in value again sure, but much more importantly that our coin and community continue to stand for:

1. Honesty2. Fairness to all people3. Integrity4. Courage in the face of corruption

Can we add outstanding stamina and good looks too now?

For those who are new here, it is not too late to join us in this super project.Be a part of the next generation of cryptocurrencies and join us in our mission to create wealth and an honest and fair community. Be a part of the future. Be panda, my friend

Interesting coin if POS happens. Could easily ride on blackcoin's successful formula of strong community + multipool + POS as there's so much hype now. Will be pointing my rig at the multipool for now!

You already have the multipool and strong community as a foundation (4chan, resulting in being the only survivor and winner out of the pandas). Reaching out to the South East Asian and having POS will make this coin stand out nicely from the upcoming wave of POS+Multipool blackcoin wannabees in the near future. I think with the right moves and execution, PND could be it, as the other coins have nothing really unique about them from a marketing perspective.

Any updates on POS integration and possibly having some sort of scrypt ASIC protection (N-scrypt/x11/Scrypt Jane)?

Why not be the 'asian-dogecoin-with-asic-protection-plus-blackcoin-functionality' =D

Interesting coin if POS happens. Could easily ride on blackcoin's successful formula of strong community + multipool + POS. Will be pointing my rig the multipool for now!

You already have the multipool and strong community as a foundation (4chan, resulting in being the only survivor and winner out of the pandas). Reaching out to the South East Asian and having POS will make this coin stand out nicely from the upcoming wave of POS+Multipool Blackcoin wannabees.

Any updates on POS integration and possibly having some sort of scrypt ASIC protection (N-scrypt/x11/Scrypt Jane)?

Thanks.

The only update I can give regarding PoS would either sucess or fail of the integration and obviously I will everyone know once it's completely off the table.

Personally I see having scrypt as a treat as none of the algorithms you mentioned offer total ASIC protection in the long run. People are used to it so to speak. Then again, I'd like to debate on that depending on how the progress on PoS will be going.

Interesting coin if POS happens. Could easily ride on blackcoin's successful formula of strong community + multipool + POS. Will be pointing my rig the multipool for now!

You already have the multipool and strong community as a foundation (4chan, resulting in being the only survivor and winner out of the pandas). Reaching out to the South East Asian and having POS will make this coin stand out nicely from the upcoming wave of POS+Multipool Blackcoin wannabees.

Any updates on POS integration and possibly having some sort of scrypt ASIC protection (N-scrypt/x11/Scrypt Jane)?

Thanks.

The only update I can give regarding PoS would either sucess or fail of the integration and obviously I will everyone know once it's completely off the table.

Personally I see having scrypt as a treat as none of the algorithms you mentioned offer total ASIC protection in the long run. People are used to it so to speak. Then again, I'd like to debate on that depending on how the progress on PoS will be going.

+1 for community involvement. See my edited post - I can see the roadmap on how this coin could be awesome in the future. There's currently a market gap for a 'asian-dogecoin-with-asic-protection-plus-blackcoin-functionality' coin. There's bound to be tons of coins wanting to ride off blackcoin's success, but PND has the inherent qualities to stand out from that new crowd.

Looking forward to your updates about the coin. Fair points on ASIC protection.

Interesting coin if POS happens. Could easily ride on blackcoin's successful formula of strong community + multipool + POS. Will be pointing my rig the multipool for now!

You already have the multipool and strong community as a foundation (4chan, resulting in being the only survivor and winner out of the pandas). Reaching out to the South East Asian and having POS will make this coin stand out nicely from the upcoming wave of POS+Multipool Blackcoin wannabees.

Any updates on POS integration and possibly having some sort of scrypt ASIC protection (N-scrypt/x11/Scrypt Jane)?

Thanks.

The only update I can give regarding PoS would either sucess or fail of the integration and obviously I will everyone know once it's completely off the table.

Personally I see having scrypt as a treat as none of the algorithms you mentioned offer total ASIC protection in the long run. People are used to it so to speak. Then again, I'd like to debate on that depending on how the progress on PoS will be going.

+1 for community involvement. See my edited post - I can see the roadmap on how this coin could be awesome in the future. There's currently a market gap for a 'asian-dogecoin-with-asic-protection-plus-blackcoin-functionality' coin. There's bound to be tons of coins wanting to ride off blackcoin's success, but PND has the inherent qualities to stand out from that new crowd.

Looking forward to your updates about the coin. Fair points on ASIC protection.